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Nordstrom Inc. has decided to shutter its 33,000 square feet Rack store at Long Beach City Place in Long Beach, Calif.
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Restoration Hardware is the fifth best performing IPO over the last 12 months, up 185% since November 2, 2012. On June 14 it upped its 2013 guidance causing its stock to rise more than 5% on the news. Trading well over $72 (IPO price $24), it seems improbable that the retail design business, which was down and out as recently as 2011, can continue its ascension without some sort of correction.
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Helix Energy Solutions Group, Inc. has closed the sale of its pipelay vessel, the Caesar, to Trevaskis Ltd.
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Interest in MLP has waned over the last few weeks as the Fed has hinted at winding down its QE programs. However, according to investment bank Credit Suisse, now could be the best time to add the sector to a portfolio
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Look to Merger Arbitrage ETFs for uncorrelated exposure in uncertain markets.
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On Jun 15, 2013, Zacks Investment Research upgraded Ellington Financial LLC to a Zacks Rank #1 (Strong Buy).
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We reaffirmed our Neutral recommendation on Southwestern Energy Company on Jun 12, 2013.
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The leading off-price retailer, The TJX Companies (TJX), is expanding its board and has welcomed Dawn Lepore to its team of ten ongoing directors in the company.
